Form 4: Chord Energy Corp Executive Sells Shares to Cover Tax Obligations

A Chord Energy Corp executive sold 10,940 shares of common stock to cover tax obligations related to the vesting of performance share units.

Summary

• Michael H. Lou, an executive at Chord Energy Corp, sold 10,940 shares of common stock on December 31, 2024.
• The sale was executed to cover tax withholding obligations arising from the vesting of performance share units.
• The shares were sold at a price of $113.88 per share.
• Following the transaction, Mr. Lou directly owns 122,443 shares of Chord Energy Corp common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, with no indication of positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, especially around vesting periods for equity compensation. This transaction is a routine part of executive compensation and tax planning.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly traded companies.
• The number of shares sold and the price are specific to Chord Energy Corp and its executive compensation plan.
• Similar transactions are regularly reported by executives at companies like EOG Resources, Pioneer Natural Resources, and Devon Energy.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

Chord Energy Corp, insider trading, Form 4, executive stock sale, performance share units, tax obligations, CHRD